Examples of Drop Down Date in a sentence
Solely with respect to the General Retention, on the Retention Drop Down Date, to the extent the then-remaining General Retention set forth in Item 4 of the Declarations is greater than $[_], the General Retention shall be reduced to $[_]]11.
Schedule 4.23 sets forth, as of the Drop Down Date, a true and complete list of all property damage, machinery breakdown and business interruption insurance maintained by or on behalf of the GP, the Borrower and the Subsidiaries or any of their assets or operations.
The obligation of each lender to make any Credit Extension on any Credit Date after the Drop Down Date is subject to the satisfaction (or waiver in accordance with Section 10.5) of the following conditions precedent.
On the Drop Down Date, this Agreement and the other Credit Documents became effective, the Tranche B Term Loans thereupon ceased to be outstanding under and governed by the Alon USA Energy Credit Agreement and the “Credit Documents” thereunder and instead became outstanding pursuant to the terms and conditions of, and governed by, this Agreement and the other Credit Documents, all as more fully provided in Section 11 of the Alon USA Energy Credit Agreement and Section 2.1(a).
The Borrowers shall not provide, procure, create or permit to subsist any Financial Support other than, following the Drop Down Date of a Borrower and provided that XXXX guarantees the obligations of that Borrower under this Agreement and as long as no Event of Default has occurred or is threatening, Financial Support to other members of the MLP Group.